Trade facilitator witnesses five per cent growth in online transactions in 2015
Dubai Trade, the single window for trade and logistics in Dubai and the UAE, witnessed a five per cent growth in online transactions in 2015 and also welcomed 16,800 new companies last year.
The cross-border trade facilitator revealed substantial growth in the number of companies registered and the value of transactions carried out in 2015.
There were 113,354 companies registered with Dubai Trade, with over 19.5 million transactions during the year, up five per cent on 2014. Dubai Trade’s secured ePayment gateway ‘Rosoom’ recorded 1.1 million transactions amounting to Dh1.2 billon.
Rosoom has adopted the second generation of the e-dirham system as an additional payment mode.
Through its portal, Dubai Trade offers access to more than 820 integrated electronic services covering a range of services from manifest and cargo handling through to invoicing and payments for different users, including traders, shipping lines, forwarding agents, hauliers and free zone licencees.
Jamal Majid bin Thaniah, chairman of Dubai Trade, said: “We have adopted the most innovative technologies to stay ahead in the world of trade and be ready for any new challenge. Our courses and programmes have also encouraged the sharing of expertise, reinforcing Dubai’s position as a vital trade hub and business leaders.”
Dubai Trade provides training programmes to support the trade and logistics community as well as portal users. In 2015, 132 e-Services training sessions were carried out for 1,532 candidates. More than 260 individuals were also officially certified by attending the certified trade and logistics professional programme.
The year also witnessed the launch of the certified customs broker, a professional course that provides an insight into customs laws and regulations in the region. Five sessions have been held with 65 graduates.
Eng Mahmood Al Bastaki, CEO of Dubai Trade, said: “We encourage people to develop their capabilities and come up with creative ways of reaching our goals. We believe employee engagement can contribute to our success. Dubai Trade is a role model and has expanded to new markets by replicating our services in Algeria. We will soon unveil an electronic trade window that integrates all DP World subcontinent terminals in India.”
Upgrades to other services are also being developed. The land transportation management system will be offered soon for freight forwarders and shipping lines to match cargo transportation requirements and maximise truck availability. A new warehouse booking system providing an on-demand warehousing platform connecting companies that need warehouse space with warehouse operators is also in the pipeline.